March 28, 2013
A Maryland federal judge on Thursday put an end to a securities class action over dietary supplement maker Medifast Inc.'s accounting practices and misstated earnings, finding that the company was guilty only of growing too fast and didn't intend to mislead investors.
March 25, 2011
Medifast Inc. investors on Thursday filed a second securities fraud class action in Maryland, alleging the company lacked adequate financial controls and embellished reported sales of its weight-loss programs.